New data suggests Australia’s housing market downturn has lost steam and the peak rate of the quarterly decline has passed, according to a new report. Domain’s House Price Report for the December 2022 quarter has revealed that combined capital house prices across Australia declined six times slower and unit prices three times slower than the […]
National home prices have dropped once again in January, although according to Home Value Index from PropTrack and CoreLogic, declines are easing. PropTrack’s Home Price Index found that home prices fell 0.9 per cent nationally for the month of January, marking the 10th consecutive month to record a decline in prices. All capital cities (with […]
While 2022 proved to be a tumultuous year for the property market, a new report revealed that there were a handful of suburbs that managed to cash in 10-digit total sales figures. Proptrack’s latest data showed the top 10 list of metro suburbs with the highest total sales value last year, with three suburbs recording […]
Just over seven months after prices peaked, the Queensland capital has recorded its swiftest and largest decline ever. A cocktail comprising the Palaszczuk government’s relatively relaxed pandemic restrictions, a limited number of lengthy lockdowns, and proximity to Sydney and Melbourne, which reported migration losses of 31,232 and 32,166, respectively, during the 12 months to March 2021, saw home […]
The number of Australian markets that reported a decline during the December quarter grew from less than 10 per cent in 2021 to 80.7 per cent last year, according to CoreLogic’s latest Mapping the Market report. This trend was part of a larger market downturn, which resulted in 51.7 per cent of markets analysed by the research firm […]
A fresh batch of data from one of the big four banks has revealed the Australian postcodes most popular among first home buyers. According to NAB executive for home ownership Andy Kerr, cost-of-living pressures and general market downturns have not deterred Australian first home buyers. He revealed the demographic targeted “value and location” when searching […]
Half of Australian housing markets saw an annual decline in values last year, with 80 per cent noting declines in the final quarter, according to new data. The number of Australian markets that reported a decline during the December quarter grew from less than 10 per cent in 2021 to 80.7 per cent last year, […]
While 2023 is predicted to be another chapter in the housing market’s books characterised by price corrections, one state body is expecting a different story to unfold in the west. The Real Estate Institute for Western Australia (REIWA) forecasts the state’s strong property market conditions will continue, with the real estate body estimating Perth house prices to […]
A survey commissioned by Mortgage Choice has found that almost one-third of home loan customers are considering refinancing their home loan within the next 12 months, but reservations remain among many borrowers. The survey of more than 1,000 Australian home loan customers revealed that 31 per cent are considering refinancing their home loan in 2023. […]
An easing of Australia’s rental market in the final quarter of 2022 was not enough to halt the country’s annual rents from growing at record highs, according to new research. Property research and analytics group CoreLogic has released its Quarterly Rental Review for the fourth quarter of last year, revealing that Australian rents rose by an unprecedented […]